Southern Nevada The Las Vegas Valley anchored retail vacancy rate dropped slightly to 11.4 percent in Q3, 2015. At the end of Q3, vacancy rates ranged from 9.3 percent in power centers to 13.2 percent in neighborhood centers. With the retail market just above the 10 percent stabilized rate and taxable retail sales at all-time highs, the Valley’s anchored market remains fairly … [Read more...] about Retail Summary: Third Quarter 2015
What is your New Year’s resolution?
“Ricky Gervais said it best, ‘I want to keep working out so that I can eat more cheese and drink more wine!’ But I also want to spend less time on my phone and more time connecting with those around me.” Jessica Rabbo | Owner, Core Studios “My New Year’s Resolution is to have more fun with my family, lower my carbon footprint, help my clients’ develop and implement their … [Read more...] about What is your New Year’s resolution?
Industry Focus: Commercial Real Estate
Commercial Real Estate in Nevada is recovering from a tough recession. Brokers agree that the industry has improved, but some markets are clearly bouncing back more quickly than others. Recently, commercial real estate experts met at the Las Vegas Law Offices of Snell & Wilmer to discuss the factors affecting the overall health of the industry in the Silver State. Connie … [Read more...] about Industry Focus: Commercial Real Estate
Around the State: December 2015
Republic Services Opens Largest Residential Recycling Center in North America Republic Services, Inc. has recently opened a new residential recycling center that is both the largest and smartest of its kind. The center is capable of processing two million pounds of material per day or 70 tons per hour and is expected to double recycling capacity in Southern Nevada. The … [Read more...] about Around the State: December 2015
Red Report: December 2015
E Sale, Office ADDRESS 1380 E. Sahara Ave. & 2408 Pardee Pl., 89104 BUYER Consulting Advisors of Nevada, LLC SELLER Rusty Croissant, LLC DETAILS 5,540 SF; $650,000 APN 162-02-410-116 & 162-02-410-117 BUYER’S REP Amy Kyzykyan of Realty One Group SELLER’S REP Matt Feustel of Virtus Commercial Sale, Retail ADDRESS 1100 E. Charleston Blvd., 89104 BUYER Ten15 … [Read more...] about Red Report: December 2015
Office Summary: Third Quarter 2015
Southern Nevada Las Vegas Valley “spec office” vacancy rates during Q3, 2015 declined 0.3 points to 21.3 percent from Q2, 2015. Compared to Q3, 2014, the office vacancy rate is down 0.3 points, from 21.6 percent. Q3’s vacancy rate-decline means that the Valley’s office market has been improving for seven of the last eight quarters. Vacancy rates ranged from 15.2 percent for … [Read more...] about Office Summary: Third Quarter 2015
What Changes do you Expect 2016 to Bring for Nevada?
“Nevada should expect continued economic strengthening, especially from new construction developments, a rise in our national education ranking, massive turnover in the Legislature and legalized recreational marijuana in 2016.” Erica Harvey | Director of Operations, Radman Hospitality “2016 is going to be great for Southern Nevada. Thanks to the ego-humbling recession, we … [Read more...] about What Changes do you Expect 2016 to Bring for Nevada?
Arts & Culture: A Beautiful Business
Indicative of a major shift for Nevada, arts and culture have become more and more of a priority in recent years. One recent example of this shift, the national Americans for the Arts organization awarded NV Energy and its foundation one of 10 annual awards last month for their support of the arts in the Silver State. It was the first time a Nevada company won the recognition, … [Read more...] about Arts & Culture: A Beautiful Business
Investment Strategies: Designing the Perfect Portfolio
When it comes to investing, there is no shortage of strategies. Through a variety of resources from books to television to online, potential investors are inundated with information on the topic. The trick for any investor is how to turn that overload of investing information into a long-term investment strategy that will allow them to achieve their financial goals. For most … [Read more...] about Investment Strategies: Designing the Perfect Portfolio
Industry Focus: Accountants
Certified public accountants (CPAs) in Nevada are experiencing an interesting shift in their industry as tax laws change and experienced professionals work to train a new generation. Recently, executives in the CPA industry met at the Las Vegas offices of City National Bank to discuss both the challenges and opportunities facing the industry. Tarah Richardson, … [Read more...] about Industry Focus: Accountants
Legal Opinions 2015: A Resource for Doing Business in Nevada
For the fourth year in a row, attorneys throughout Nevada, specializing in a variety of areas, have pooled their collective knowledge in the Legal Opinions special report. The following pages feature several well-respected attorneys offering up their expertise in the form of articles written on subjects ranging from land use to intellectual property. An annual feature, … [Read more...] about Legal Opinions 2015: A Resource for Doing Business in Nevada
Taylor Lilley: Michelin Properties
President & CFO Michelin Properties https://michelinproperties.com/ How did you first get into your profession? Michelin Properties is a family business. I’ve been involved in small business and land development from a very young age. My parents taught me everything they know, and now it’s my job to take their legacy to the next level. What business advice … [Read more...] about Taylor Lilley: Michelin Properties
Heather Haney-King: Dimension Design
Director of Operations Dimension Design https://www.dimensiondesign.com/ How did you first get into your profession? I earned a degree in Interior Architecture from Milwaukee Institute of Art and Design and invested a lot of time creating workspace for technology companies in Chicago. When the dot com bubble burst I used my CAD skills as an entry point to become a … [Read more...] about Heather Haney-King: Dimension Design
Spencer Stewart: WGU Nevada
Chancellor Western Governors University Nevada https://nevada.wgu.edu/ How did you first get into your profession? In my senior year of college, I became involved in the early discussions and work surrounding the creation of Nevada State College. I’ve been hooked by the promise of higher education ever since. What do you want your legacy to be? To leave my … [Read more...] about Spencer Stewart: WGU Nevada
Around the State: November 2015
State Gas Prices Among Highest in Nation According to a report released by AAA, Nevada motorists have been paying some the highest prices gas prices in the country. Despite the average cost of gas decreasing, the Silver State’s current average is $2.86 and the third highest in the United States. The data was released as part of AAA’s Fuel Gauge Report. The continued refinery … [Read more...] about Around the State: November 2015